38 Social Third, we’ve expanded the inclusion strategy team to sharpen our inclusion lens around the world, adding leaders in Latin America and Asia-Pacific, while expanding the team in Europe, the Middle East and Africa. We have a lot more work to do, particularly in recruiting more US Latino/a/x, Indigenous and other historically excluded talent. We’re also improving how we understand the representation of our workforce outside of the US reporting requirements – like additional gender identities, disability, veteran status, sexual orientation, and in other countries. Transformational change won’t happen overnight. Progress takes consistent discipline, heart and practice. We’re committed to doing our part in inspiring change within our industries — so more people can feel seen, heard, and supported to contribute at their best. Fulfilling our Pledge to Black Banks In December 2021, we fulfilled our 2020 pledge to move two percent of our cash holdings — around $100 million — into Black banks and other Black-led financial institutions in the U.S. More capital moving into these institutions means more home and small-business loans, resulting in more opportunities for Black communities. Because we pegged our commitment to 2% of Netflix’s cash, the investment also grows over time. So we will be “topping up” our commitment at the end of the year and moving more cash — over and above the $100 million already committed — into these institutions. It’s been rewarding to see many other companies follow suit , and the impact these changes have had on people like Dominique Lumpkin, who just bought her first home in Memphis. Or Colby Midget, who kept the doors open to her floral shop despite the toll of the pandemic. Both were possible because of Netflix’s early investment in Hope Credit Union , a community development financial institution (CDFI) that serves underbanked communities in Alabama, Arkansas, Louisiana, Mississippi and Tennessee. You can follow their stories in our YouTube web series “Banking On Us ” and learn more about how this idea came to be in this WIRED cover story . IllumiNative’s Crystal Echo Hawk (Pawnee), Leah Salgado (Pascua Yaqui), and Heather Rae lead a virtual workshop on Native representation in front of and behind the camera for Netflix employees in December 2021.
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